Stop Sitting on Your Assets: How to Safely Leverage the Equity Trapped in Your Home and Transform It Into a Constant Flow of Wealth and Security | 
| Author: Marian Snow Publisher: Ethan Madison Publishing Category: Book
List Price: $24.95 Buy New: $14.20 You Save: $10.75 (43%)
New (24) Used (4) from $10.97
Avg. Customer Rating: 45 reviews Sales Rank: 161587
Media: Hardcover Number Of Items: 1 Pages: 253 Shipping Weight (lbs): 1.5 Dimensions (in): 9.1 x 6.1 x 1.6
ISBN: 0979014204 Dewey Decimal Number: 332 EAN: 9780979014208 ASIN: 0979014204
Publication Date: March 1, 2008 Availability: Usually ships in 1-2 business days Shipping: Expedited shipping available Condition: Brand New Book!!! Excellent condition.
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Product Description Are you caught up in the financial thinking of the last century? That's when we learned to buy a home and pay it off as quickly as possible. It made sense in the conditions that existed back then. It doesn't make sense today. How would you like to: - Safely leverage and compound assets you didn't realize you had?
- Become your own bank and build family wealth?
- Pile up stock market gains, but never take the losses?
- Lock-in a rich, secure and carefree retirement?
- Transform the IRS into your wealth-building partner?
- Create real wealth, empowering you to help others?
- Get to your existing retirement funds with little or no taxes?
- Leave a fortune to your heirs?
Stop Sitting on Your Assets makes these strategies crystal clear--and you can apply them with security and ease. If you own a home, you owe it to yourself to know about today's new reality: You are sitting on a potential fortune that can safely and confidently be put to work to build a massively abundant financial future. A future so rich that, before this book, could have only existed in your dreams.
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| Customer Reviews: Read 40 more reviews...
Excellent guide to build wealth for retirement! July 7, 2008 Stop Sitting On Your Assets is far more than just a fun and intriguing title. This book will put you on the course to amass a retirement nest egg that is beyond what you thought possible. Marian Snow provides a clear, concise message with a strong call to action. I have purchased dozens of copies to loan or give my financial planning clients.
Take Out Mortgage to buy Life Insurance?? June 21, 2008 0 out of 2 found this review helpful
I haven't finished the book, but I think I want to raise a question here. Any different thoughts are welcome.
I feel the comparison table on page 26 is questionable. Since Harry did not need to pay mortgage, he could put a total of $240,000 into a side account over the 15 years and let them grow, this will be easily more than double the account at the end. The earning of this side account should be added to Harry's Net Worth. So nobody actually getting ahead.
Who is the winner actually should depends on if the investment outside the mortgage outgrows the mortgage interest (if ignoring the tax benefit to make it simple in the calculation).
I agree the home equity is not safe and illiquid. But saying the side account borrowed from mortgage will definitely outperform is not true to me.
Yes, there is tax benefit. But outside account needs to pay capital gains too. Insurance policies? I need to dig into this more, but at least you need to pay the insurance premium. There is no free lunch really.
For whom who wants to take out mortgage to buy life insurance policy, think a little deeper before doing so, at least for me.
So far so good May 24, 2008 2 out of 2 found this review helpful
I'm an avid reader and have ordered dozens of books through Amazon, but this is the first one I've taken the time to write a review for, because I believe this book can help others in the same situation I was.
I ordered this book when I was applying for Life Insurance. I wanted to review another reference on creative uses of mortgages and insurance to learn more about them. (I'm working with a financial planner who recommended a particular plan, and has largely focused his practice on Marian Snows' strategy). This book gave me a lot of the information I needed to ask my agent questions about my financial plan. In fact, he was impressed with my questions and wanted the name of this book.
This is a very easy to read book, with plenty of understandable illustrations as examples. I have also found it to be very objective, discussing the tradeoffs. The intent of this book is clearly educational- there's no hidden agenda or bias that I can detect. The author has credentials from 20 years in the financial field.
Excellent User's Guide in Clear Language May 16, 2008 6 out of 6 found this review helpful
Marian Snow is one of the clearest writers about mortgages and financial products from a holistic planning perspective. The explanations in this book are clear, concise and free of jargon. Although this is a consumer book, I would recommend it to any homeowner to enhance their own understanding on homeownership
Good Analysis May 14, 2008 6 out of 6 found this review helpful
We've heard it all before. the way to get ahead is to buy a home, get a cheap mortgage, and pay it off as soon as you can. Sink as much as possible into an IRA or 401(k) plan, The most important part of accumulating wealth is getting a high rate of return.
In this book Marian Snow presents an explosive and contrarian concept that openly challenges the most basic and fundamental tenets of personal investing. Unlike any other money guide available she explains how people can really accumulate and preserve wealth by turning conventional wisdom upside down.
The approach she follows is to use debt wisely and to place that money you have borrowed where it will return more than you paid to get it. In a lot of times, in a lot of economies this works quite well It's well worth reading this book for the understanding that Marian Snow brings to financial management. It's up to you do made your own decisions as to the route to follow.
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